xplain the different dividend preferences that may be attached to preferred stock. Why would preferred stock have these preferences over common stock? Does it mean that purchasing preferred stock is better than purchasing common stock?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Explain the different dividend preferences that may be attached to preferred stock. Why would preferred stock have these preferences over common stock? Does it mean that purchasing preferred stock is better than purchasing common stock? 

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Preference shares are dividend paying stocks but they are different from the common stock and they do not have voting rights as that of the other common stock holders.

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